echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opened high and down, and the low volatility continued

    Shanghai aluminum opened high and down, and the low volatility continued

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum main month 2211 contract, opening 18730 yuan / ton, the highest intraday 18780 yuan / ton, the lowest 182325 yuan / ton, settlement 18610 yuan / ton, the end of the close to 18435 yuan / ton, down 175 yuan, down 0.
    94%.

    Shanghai aluminum

    Today, Lun aluminum jumped high and downward, LME three-month Beijing time at 15:01 at 2270 US dollars / ton, down 20 US dollars, or 0.
    90%
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18470-18510 yuan / ton, down 220 yuan, discount 25-discount 15; Guangdong spot 18510-18570 yuan / ton, down 200 yuan, premium 15-liter 75; Hua reported 18530-18570 yuan / ton, down 200 yuan
    .
    Under the influence of bearish sentiment in the spot market, holders often cut down to dump goods, and receivers choose to wait and see for procurement, the overall trading situation is difficult to say ideal, and the transaction atmosphere is weak
    .

    Domestically, the supply margin narrowed, with the improvement of economic data in September, the weak demand margin warmed, the peak season expectation may be delayed, and there is still some room
    for inventory to be adjusted under the traditional accumulation cycle.
    At present, aluminum prices may run strongly under the dominance of many factors, paying attention to the trend of domestic social treasury and the impact of
    overseas news.

    Today's Shanghai aluminum opened high and downward, the decline widened during the day, the dollar strengthened, and the inventory of aluminum soared, which suppressed aluminum prices, superimposed on the impact of the domestic epidemic and the drag of the real estate sector, the low volatility of Shanghai aluminum continued
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.